Focus Partners Wealth Purchases New Position in iShares U.S. Infrastructure ETF (BATS:IFRA)

Focus Partners Wealth purchased a new stake in iShares U.S. Infrastructure ETF (BATS:IFRA) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,610 shares of the company’s stock, valued at approximately $399,000.

Several other hedge funds have also recently bought and sold shares of IFRA. Stratos Wealth Partners LTD. grew its position in iShares U.S. Infrastructure ETF by 79.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,121 shares of the company’s stock valued at $561,000 after purchasing an additional 5,385 shares in the last quarter. Allworth Financial LP boosted its position in iShares U.S. Infrastructure ETF by 3.3% during the fourth quarter. Allworth Financial LP now owns 9,179 shares of the company’s stock worth $445,000 after purchasing an additional 289 shares during the period. BG Investment Services Inc. bought a new position in iShares U.S. Infrastructure ETF during the fourth quarter worth $4,115,000. Congress Wealth Management LLC DE boosted its position in iShares U.S. Infrastructure ETF by 36.8% during the fourth quarter. Congress Wealth Management LLC DE now owns 11,339 shares of the company’s stock worth $525,000 after purchasing an additional 3,050 shares during the period. Finally, Moneywise Inc. boosted its position in shares of iShares U.S. Infrastructure ETF by 21.7% in the fourth quarter. Moneywise Inc. now owns 39,392 shares of the company’s stock valued at $1,823,000 after acquiring an additional 7,028 shares during the period.

iShares U.S. Infrastructure ETF Stock Performance

Shares of iShares U.S. Infrastructure ETF stock opened at $48.42 on Wednesday. The firm has a 50-day moving average of $45.18 and a 200-day moving average of $46.95. The stock has a market cap of $2.40 billion, a PE ratio of 17.99 and a beta of 0.98. iShares U.S. Infrastructure ETF has a 52-week low of $39.94 and a 52-week high of $51.99.

About iShares U.S. Infrastructure ETF

The iShares U.S. Infrastructure ETF (IFRA) is an exchange-traded fund that is based on the NYSE FactSet U.S. Infrastructure index. The fund tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US. IFRA was launched on Apr 3, 2018 and is managed by BlackRock.